Latest News from IBI
News
LCI Industries receives rival takeover bid from Monomoy Capital Partners
Unsolicited cash proposal surfaces as LCI’s Board continues to back its planned all-stock merger with Patrick Industries
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Ancona’s superyacht sector secures second boost in less than a week
Two new areas totalling 30,000m² will be allocated to expand the port’s build capacity
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EPTechnologies strengthens international battery sales with senior hire
Marc-Laurence Mühlenbeck joins the company as senior sales manager
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Q3 a mixed bag for Xylem
Revenues decrease amid higher earnings as US water management firm prepares for 2027 restructuring, divestment
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Fountaine Pajot revenue falls 9.9% in 2025/26
But slowing decline in Q2 points to stabilising demand, says French builder
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Propspeed appoints Joe Mercurio to Gulf Coast sales role
The marine coatings specialist has appointed an industry veteran with more than 20 years’ experience to support regional sales and customers
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Genoa International Boat Show recognised for sustainable event management
Rina presents I Saloni Nautici with a plaque recognising its commitment to applying the ISO 20121 sustainability standard
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SYBAss moves official seat and legal offices to Malta
The superyacht builders’ association aims to strengthen international cooperation and engagement with European policymakers from its new base
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PE firm buys Florida’s Hamilton Harbor Yacht Club
The Hoffmann Family of Companies has acquired the Naples club for an undisclosed sum
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TISG shares jump following SRI Global’s €260m offer
Bid includes €220m for infrastructure and €40m to fund relaunch
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Higher Q3 sales, margins for Hubbell
Volume gains on growing data centre demand drive earnings for US electrical equipment supplier
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Ferretti Group cuts 2026 earnings guidance despite Q3 turnaround
Italian builder acts to address operational inefficiencies and shore up margins
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DAME Design Awards shortlist reaches 74 products
The 35th anniversary edition attracted 153 entries from 30 countries, with winners to be announced at Metstrade on 17 November
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Camper & Nicholsons names new CEO
Benjamin Bensahel succeeds Paolo Casani following the company’s acquisition by Sea Expandary Group
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Numarine opens Americas office, takes on direct sales model
The new Fort Lauderdale office, led by Ali Tanir, will represent the shipyard directly across the Americas, while working with all brokers
News
Lofrans and Max Power hold Technical Convention 2026 in Greece
More than 30 service stations took part in the two-day event in Greece, covering maintenance training and product updates for windlasses and thrusters
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Tessilmare welcomes fourth generation into family business
Emma Rezzonico joins the operational team of the Italian marine equipment manufacturer
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New nautical hub in Genoa opens to handle yachts up to 30m
The new facility involves Genoa Sea Service, Gatti shipyard and North Sails
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Pendennis revenue rises as profit falls
Cockwells consolidation boosted 2025 turnover, while integration costs and contract losses weighed on margins
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Nimbus Group narrows Q3 losses
Swedish builder reports flat net sales in the third quarter, with a narrower EBITA loss and a larger order book aided by a SEK 260m defence order
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New industry federation forms in Turkey
TYFED unites associations from across Turkey’s yachting and maritime industries under a single umbrella organisation
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BBA 2026: Inside the race for Collaborative Solution of the Year
IBI takes a look at the five finalists going head-to-head for this year’s title
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Washington State marine supply company sold after nearly 50 years
Harbor Marine founder Lauren Bivins has decided to retire
News
Sasga Yachts appoints new CEO
Raül Carrasco will lead the yard’s expansion into North America, Asia and Australia
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RINA completes leadership transition with new CEO appointment
Paolo Moretti has been promoted to chief executive of Genoa-based certification body, succeeding Carlo Luzzatto
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Suzuki looks at training to strengthen US market position
Suzuki Marine USA wants to make certification easier and more convenient for technicians at both dealer and OEM level
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Polish motorboat builder buys sailing yacht specialist
Polish brands join forces while advancing new model launches
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Feadship and AtomicOne bring MXBuster technology to superyachts
The companies are extending a combustion optimisation system to yachts over 30m, targeting lower emissions and fuel consumption
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Absolute Yachts strengthens global sales network
New dealers added in Greece, Australia, Colombia and the Caribbean
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Rightboat integrates boat listings with ChatGPT
The new feature aims to connect brokers and dealers with buyers using AI-powered conversations to research boats for sale
News
Miami Boat Show outlines changes for 2027
New entry-level boat display, improved transport links and exhibitor cost reductions among changes planned for February show
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Volvo Q3 revenues climb 8%
Volvo Penta posts higher sales and earnings as strong power generation demand offsets mixed regional market performance
![Juan-Vargues[217564]](https://d1ajyvl96t5n4x.cloudfront.net/Pictures/460x307/0/7/6/67076_juanvargues217564_698359_crop.jpg)
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Dometic reports Q3 revenue growth
Marine sales increase 5%, including 4% organic growth, as service and aftermarket demand supports performance
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IYBA names Andrew Parkinson executive director
Former yacht broker and marine publishing executive takes leadership role at 2,000-member industry association
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US trade jitters cast shadow over successful African Boating Conference
Punitive trade measures against South Africa put a dampener on an otherwise positive week for local boatbuilding
News
Hewescraft changes ownership after nearly 80 years
David Honeycutt and family acquire the US aluminium builder from the Hewes family
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Groupe Beneteau to build large yacht service and refit hub
New centre targets 60ft-80ft yachts, based at the BMS facility in France
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Southern Wind CEO honoured at South African boatbuilding awards
Marco Alberti was recognised on Wednesday for his decades of leadership, dedication, and technical mentorship
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Antonini Navi appoints Denison Yachting for US, Mexico
Italian superyacht builder expands its North American sales network following its first yacht delivery and further orders
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Ocean Signal celebrates King’s Award for innovation
The Margate-based safety specialist receives royal recognition for its rescueME PLB3 beacon as it looks to future product development
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US industry pros expect flat inflation in 2027; consumer confidence key to recovery
A real-time poll of nearly 1,000 marine industry professionals at IBEX found consumer confidence to be boating’s biggest economic hurdle, not interest rates or inflation
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Vanguard Dutch Marine unveils 35m Armada A115 superyacht
The semi-custom aluminium yacht targets speeds above 40kt, combining Dutch engineering with design by Phathom Studio and Humphreys Yacht Design
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People on the Move this Week
New appointments at Cockwells, Princess Yachts Australia, Saxdor and more
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Dubai releases 2026 market figures ahead of November show
With 8,415 registered vessels, 20 marinas and users from 116 nationalities, Dubai’s marine industry continues to expand
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Lalizas brings European boatbuilding leaders together in Greece
The inaugural International Boatbuilders Summit 2026 gathered industry stakeholders to discuss market challenges, OEM partnerships andthe future of boating
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Ferretti Group wins approval to expand Ancona shed for 100m superyachts
The €3m investment will expand one of the group’s existing CRN sheds
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Azimut-Benetti Group, Baglietto confirm binding offers for TISG assets
A two-phase plan for TISG has been put forward by ABG, while Baglietto is interested in the La Spezia shipyard
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BBA 2026: Book your place for the big night
The Boat Builder Awards dinner takes place at Metstrade’s Harbour 8 venue on 18 November, with individual tickets and table reservations available now
News
Grand Banks Yachts posts record first-quarter result
New orders placed in Q1 FY2027 include 11 new builds and two trade-in boats
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